HSA / FSA

Budgeting For Your Care

Grifols offers two types of pre-tax accounts: a health savings account (HSA) and flexible spending accounts (FSAs).

When you put money into a pre-tax account, you can save up to 20%1 on your care and increase your take home pay. This is because you don't pay tax on your contributions.

Enrolled in the Aetna HealthSave Plan?

Health Savings Account

Consider funding a health savings account (HSA).

  • Grifols contributes flat per-paycheck contributions to your account per year:
    • Individual — $8002
    • Family — $1,6002
  • Roll over all funds each year
  • Invest funds for long- term savings
  • Spend funds penalty- free after age 65

(1) Percentage varies based on your tax bracket.
(2) Maximum employer contribution, prorated based on plan entry during the plan year

Enrolled in the Open Access Aetna Select Plan and Banner/Aetna Plan?

Health Care Flexible Spending Account

Consider funding a health care flexible spending account. If you fund an HSA, you cannot fund a health care FSA.

  • No Grifols contribution
  • You may roll over up to $610 each year

Enrolled in the Aetna HealthSave Plan?

Limited Purpose Flexible Spending Account

Consider funding a limited purpose flexible spending account. You can choose to fund both a limited purpose FSA and an HSA.

  • No Grifols contribution
  • You may roll over up to $610 each year
  • Dental and vision expenses only

Paying for child or elder care expenses?

Dependent Care Flexible Spending Account

You may fund a dependent care flexible spending account.

  • No Grifols contribution
  • No roll over allowed
  • Dependent care expenses only

Health Savings Account

If you enroll in the Aetna HealthSave Plan, you may be eligible to open and fund a health savings account (HSA) through HealthEquity.

An HSA is a savings account that you can use to pay out-of-pocket health care expenses with pre-tax dollars.

Grifols Contribution

If you enroll in the Aetna HealthSave Plan, Grifols will help you save by contributing a flat per-paycheck contribution to your HSA account.

  • Employee-only: $800 per year*
  • All other coverage levels: $1,600 per year*

2023 IRS HSA Contribution Maximums

Contributions to an HSA (including the Grifols contribution) cannot exceed the IRS allowed annual maximums.

  • Individuals: $3,850
  • All other coverage levels: $7,750

If you are age 55+ by December 31, 2023, you may contribute an additional $1,000.

*Maximum employer contribution, prorated based on plan entry during the plan year.

HSA Eligibility

You are eligible to fund an HSA if:

  • You are enrolled in the Aetna HealthSave Plan.

You are NOT eligible to fund an HSA if:

  • You are covered by a non-HSA eligible medical plan, health care FSA, or health reimbursement arrangement.
  • You are eligible to be claimed as a dependent on someone else’s tax return.
  • You are enrolled in Medicare, TRICARE, or TRICARE for Life.
    Refer to IRS Publication 969 for additional eligibility details. If you are over age 65, please contact Human Resources.

Maximize Your Tax Savings with an HSA

Spend
Pay for eligible expenses such as deductibles, dental and vision exams, menstrual care products, and prescriptions.

Save
Roll over funds every year to boost your long-term savings. Even if you switch health plans or jobs, the money is yours to keep.

Invest
Invest and grow HSA funds tax free — including interest and investment earnings. After age 65, spend HSA dollars on any expense penalty free.

Flexible Spending Accounts

Grifols offers three flexible spending account (FSA) options through HealthEquity.

Health Care FSA (not allowed if you fund an HSA)

Pay for eligible out-of-pocket medical, dental, and vision expenses with pre-tax dollars. You must contribute at least $5 per pay period to open a health care FSA.

The health care FSA maximum contribution is $3,050 for the 2023 calendar year.

Limited Purpose Health Care FSA (if you fund an HSA)

If you fund an HSA, you can also fund a limited purpose health care FSA. The limited purpose health care FSA can only be used for dental and vision expenses.

The limited purpose health care FSA maximum contribution is $3,050 for the 2023 calendar year.

Dependent Care FSA

The dependent care FSA allows you to pay for eligible dependent day care expenses with pre-tax dollars. Eligible dependents are children under 13 years of age, or spouse, a child over 13, or elderly parent residing in your home who is physically or mentally unable to care for him or herself.

You may contribute up to $5,000 to the dependent care FSA for the 2023 plan year if you are married and file a joint return or if you file a single or head of household return. If you are married and file separate returns, you can each elect $2,500 for the 2023 plan year.

How To Use An FSA

Contribute
Decide how much to contribute to your FSA on a plan year basis up to the maximum allowable amounts. This amount will be evenly divided by the number of pay periods and deducted on a pre-tax basis from your paycheck.

Pay
Use your FSA debit card to pay for eligible expenses at time of service or submit a claim for reimbursement at healthequity.com. Keep all receipts in case HealthEquity requires you to verify the eligibility of a purchase.

Use it or lose it
Use your FSA funds before the end of the year — any funds in excess of $610 will be forfeited.

HSA / FSA
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    Resources

    DURING OPEN ENROLLMENT (11/7-12/3) YOU HAVE THREE WAYS TO ENROLL:

    1. Call 833-557-0382 to speak to a professional benefits counselor.
    2. Schedule an appointment below with a benefits counselor during the enrollment period.
    3. Enroll for benefits online at employeenavigator.com/benefits/account/login. Look for the Enroll Now! menu item. If you are a new user, register at employeenavigator.com/benefits/account/register
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